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Centurion reports 277% earnings jump, conducts 'strategic review'

The Edge Singapore
The Edge Singapore8/11/2022 11:44 PM GMT+08  • 1 min read
Centurion reports 277% earnings jump, conducts 'strategic review'
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Dormitories operator Centurion Corp has reported earnings of $32.9 million for its 1HFY2022 ended June, up 277% y-o-y.

Revenue in the same period was up 40% to $90.5 million, as its business recovered from the worst of the pandemic.

Centurion’s bottomline was partly also lifted by a net fair value gain on investment properties of $9.5 million in 1H 2022, compared to a fair value loss of $14.5 million recorded in 1H 2021.

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